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Author Question: What is the difference between capital goods and consumer goods? What will be an ideal ... (Read 69 times)

KimWrice

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on: Jun 29, 2018
What is the difference between capital goods and consumer goods?
 
  What will be an ideal response?

Question 2

Suppose the economy is at full employment and firms become more optimistic about the future profitability of new investment. Which of the following will happen in the short run?
 
  A) Unemployment will decline.
  B) The aggregate demand curve will shift to the left.
  C) Output will decline.
  D) Prices will decline.


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spencer.martell

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Capital goods are goods that will be used to produce other goods in the future. Consumer goods are goods that are used for current consumption.

Answer to Question 2

A


KimWrice

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

smrtceo

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Reply 3 on: Yesterday
:D TYSM

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